alleryStart learning →A good that can be used in place of another good is called a:
ASubsidy
BSubsector
CSubmarket
DSubstitute
Answer & Solution
Correct answer: D. Substitute
1. Buyers switch to it when the other becomes dearer.
2. It satisfies the same want.
3. That good is a substitute.
_Source: OpenStax Principles of Microeconomics 3e, Chapter 3, Demand and Supply._
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